Toyota, GM joint venture over in US

General Motors and Toyota will end its 25 year US joint venture at the New United Motor Manufacturing Plant in California this August.

The news comes as US bankruptcy court places GM’s 50 per cent share of the plant in category with the ‘old’ General Motors essentially forcing their hand.

“After extensive analysis, GM and Toyota could not reach an agreement on a future product plan that made sense for all parties,” said Troy Clarke, GM’s president of North American operations. “Accordingly, NUMMI will end production of vehicles for GM in August, and there are no future GM vehicles planned for the joint venture at this time.”